McDermott advises on Hanwha’s RES France acquisition US law firm previously advised Korean conglomerate on Q Cells and Heycoustics deals
Translated by Ryu Ho-joung 공개 2021-10-07 07:59:58
이 기사는 2021년 10월 07일 07:58 thebell 에 표출된 기사입니다.
McDermott Will & Emery, a US-based global law firm, provided legal advice on Hanwha Solutions’ 727 million euro ($843 million) acquisition of RES Mediterranee SAS (RES France), the largest deal in the South Korean company’s history.Hanwha Solutions, part of the country’s conglomerate Hanwha Group, received legal counsel on the cross-border deal from McDermott and Seoul-based Bae, Kim & Lee LLC, according to industry sources. McDermott is said to have more deeply involved throughout the acquisition process than the local law firm.
McDermott, which has more than 1,200 lawyers around the world, had tried to build its presence in South Korea by launching its Seoul office in 2012 but ultimately shuttered it in 2019, retreating from the market dominated by large local law firms.
The international law firm however has continued to provide legal advice to South Korean companies pursuing cross-border mergers and acquisitions.
McDermott advised Hanwha Group on the conglomerate’s acquisition of German photovoltaic manufacturer Q Cells in 2012. The law firm also acted as legal counsel to Hanwha Advanced Materials on its 2015 purchase of German auto parts maker Heycoustics.
Dr. Bernd Meyer-Witting and Florian Lechner, lawyers at the law firm’s Frankfurt office, played a key role in the RES France deal. They previously advised Hanwha on the acquisitions of Q Cells and Heycoustics, respectively. Lechner also advised Samsung Electronics on its takeover of Harman.
Apart from them, McDermott’s many other lawyers in its Frankfurt, Paris and Brussels offices who specialize in M&A, labor and intellectual property matters were involved in the deal.
The RES France acquisition is at the final stages and is expected to be completed in early or mid-November. In its announcement of the deal in early August, Hanwha Solutions said it would continue to expand investments at home and abroad as part of its ambitions to grow as a leading company in the global green energy market. (Reporting by Gyoung-tae Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [코스닥 주총 돋보기]'상폐 위기' 엠벤처투자, 주주 해명 '안간힘'
- FI 지분 되사온 CJ올리브영, ‘승계 플랜’ 본격 가동하나
- 에스텍파마, 폴라리스AI파마로 '새 출발'
- 나무가, '공정 자동화 전문가' 이동호 대표이사 선임
- CJ그룹, 글랜우드PE에 판 CJ올리브영 지분 되사온다
- 고려아연, 강남 영풍빌딩 떠난다…행선지는 종로구
- 태광·트러스톤, 대타협…주주제안 모두 수용
- 송영록 메트라이프 대표 "본사 차원 MS AI 활용 논의"
- [저축은행 이사회 돋보기]SBI저축 사내이사진, 홀딩스 영향력 '주목'
- [보험사 IFRS17 조기도입 명암]라이나생명, 보장성 집중해 쌓은 킥스 300% '철옹성'